ETHICAL FINANCE AND THE VATICAN BANKING SYSTEM: THE REFORMS OF POPE FRANCIS

Raffaele Santoro and Federico Gravino
Additional contact information
Raffaele Santoro: University of studies of Campania “Luigi Vanvitelli”, via Mazzocchi 68 (Palazzo Melzi) – 81055 Santa Maria Capua Vetere (CE), Italia
Federico Gravino: University of studies of Florence, via delle Pandette 32 – 50127 Firenze (FI), Italia

Journal of Financial and Monetary Economics, 2023, vol. 11, issue 1, 7-21

Abstract: Vatican finance is characterized by its service to charity. The tools used and the organization of structures are closely linked to the mission of the Church. In this perspective Vatican financial activity is marked by specific ethical rules. In the same way the Vatican banking system is organized to meet solidarity goals. On several occasions Francis has intervened to improve the organization of the administration, controls and supervision of these activities. Vatican financial and banking system highlights the autonomy of this system. However, it is called to enter into relations with other states. Therefore, a problem of coexistence between norms, principles and practices arises when Vatican economic rules are not characterized only by the specific religious nature but represent an expression of a State.

Keywords: ethical economy and finance; charity; Vatican banking system; solidarity; religious rules (search for similar items in EconPapers)
JEL-codes: A13 D63 D64 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol11i1p7-21.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:11:y:2023:i:1:p:7-21

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().